, the intensity of local competition and the standard of living. Perception data from the World Economic Forum is used to …

. For this culture to emerge, and for banks and other institutions from all over the world to locate in this place, several … behind the rise and fall of markets are poorly understood. Given the present dramatic changes in the world financial system …

-averse investors choose not to react to return differentials in such an extreme way as in a world with perfect foresight. Uncertainty … optimizing country allocation. However, covariances and betas tend to be intertemporally unstable. When world markets become …

countries than in most of the industrialized world. Thus it has been a major, but contentious topic in the climate negotiations …